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These days, finding an affordable place to live in the 55797 area can be challenging. Home prices in 55797 are now at a median cost of $238,300, lower than the Minnesota average of $345,793.
The average cost of rent is $962/mo in 55797, primarily driven by the current value of real estate in the 55797 area. In 55797, 8.38% of households rent, and 34.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 55797 is $7,650 per month. Households that rent pay about 12.57% of their income on rent here. 55797’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 55718, MN: higher priced homes
- 55808, MN: less expensive homes
- 55749, MN: equally priced homes
- 54836, WI: equally priced homes
- 55707, MN: higher priced homes
- 55780, MN: equally priced homes
- 54880, WI: less expensive homes
- 54874, WI: equally priced homes
- 55767, MN: equally priced homes
- 55726, MN: equally priced homes
Zip Codes with Similar Populations
- 47992, IN: higher priced homes
- 73040, OK: less expensive homes
- 60921, IL: less expensive homes
- 56332, MN: higher priced homes
- 53936, WI: less expensive homes
- 52157, IA: less expensive homes
- 50166, IA: higher priced homes
- 50046, IA: equally priced homes
- 01072, MA: higher priced homes
- 48897, MI: higher priced homes
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